Noncompliant

A Lone Whistleblower Exposes the Giants of Wall Street

By: Carmen Segarra

Narrated by: Roxana Ortega

A first-hand account of the oversight of the big banks in the wake of the financial crisis, from the Federal Reserve examiner who refused to be silenced

In 2011, Carmen Segarra took a job as at the Federal Reserve Bank of New York supervising for Goldman Sachs. It was an opportunity, she believed, to monitor the big bank's behavior in order to avoid another financial crisis.

Segarra was shocked to discover, however, the full extent of the relationship between Goldman and the Fed. She began making secret recordings that later became the basis of a This American Life episode that exposed the Fed's ineffectiveness in holding banks accountable.

In Noncompliant, Segarra chronicles her experience blowing open the doors on the relationship between the big banks and the government bodies set up to regulate them.
As we mark the tenth anniversary of the 2008 financial crisis, Noncompliant shows us how little has changed, and offers an urgent call for real reforms.

Critic reviews

"In Noncompliant, gutsy whistleblower Carmen Segarra detonates a metaphorical explosive device inside the previously impenetrable limestone facade of the powerful Federal Reserve Bank of New York. In a gripping and highly personal narrative, Segarra reveals the depths of the shameful regulatory capture that exists between the New York Fed and the Wall Street banks it is meant to supervise -- and the high price she paid for doing the right thing."—William D. Cohan, author of Money and Power: How Goldman Sachs Came to Rule the World

This is more than a book.

Our major institutions, including those involved in the financial sector, are too far gone. Any hope for them and those who control them is ill founded and irrational. The same is true of our courts and legal system. We have entered a post-constitutional era—these institutions now undermine and mock, rather than preserve, their founding constitutional and democratic functions.

The time has come for ‘the people’ to take action; to stop writing reviews and consuming information via dominant mainstream corporate media outlets. It is time to organize and act.

intolerable and boring

I shut this off after 15 min... it nothing but a government bureaucrat writing poison about backstabbing and in fighting. I just finished reading Edward Snowden, Permanent Record as great book on whistle blowing. This book is nothing like that, short on facts and long on griping about co-workers. Could not stand this book, not sure how it got published.